Mayer Brown advises on financial close on the $11 billion SR400 express lanes in Atlanta

This is the largest bond financing for a US P3 deal to date 

Mayer Brown advised SR 400 Peach Partners, LLP, a consortium of Meridiam, Acciona and ACS, on the successful financial close for a public-private partnership (P3) to design, construct, operate, maintain and toll the new SR400 Express Lanes toll road project north of Atlanta (Georgia, US). 

The project is a P3 between the Georgia Department of Transportation and the Georgia State Road and Tollway Authority and the private developer, SR 400 Peach Partners, LLP. The total investment for the project is approximately $11 billion including the nearly $3.9 billion loan from the US Department of Transportation, the largest ever Transportation Infrastructure Finance and Innovation Act Loan to date and a $3.4 billion Private Activity Bonds issuance. 

Lauded for its unique financing structure, wide-reaching and landmark infrastructure improvements, and a panoply of social and economic benefits, the new SR 400 Express Lanes will improve public accessibility and foster local economic growth, while minimizing traffic disruptions through careful phased construction planning. The Project’s design and construction will be carried out by a joint venture between Flatiron-Dragados and Acciona, while the Consortium will oversee operation and maintenance under a dedicated project company.

With more than 80 Projects & Infrastructure lawyers across the globe and 20 lawyers focused on P3 projects in the United States, Mayer Brown is uniquely positioned to bring new projects to fruition and to consummate the most innovative and complex infrastructure transactions of all types. Mayer Brown has worked on many of the top P3 deals globally over the years.   

The Chicago-based Mayer Brown Projects & Infrastructure team was led by partner Stephanie Wagner, and included counsel Rachel Smith, and associates Grant Anderson, Gabriela Chavez Barrientos, and Nick Kohler.

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